SBA Closing Specialist

Cathay Bank • El Monte, CA

1d • $20 - $24

About The Position

Responsible for supporting all functions of SBA lending, including loan packaging, closing and post-closing process, and ensuring compliance with SBA rules and regulations.

Requirements

• Education: College degree in accounting, finance, or business preferred but not mandatory.
• Experience: Minimum one year in banking, lending, accounting/bookkeeping, or related experience.
• Skills/Ability: PC proficient and detail oriented. Strong verbal and written communication skills.

Nice To Haves

• Bilingual (English/Mandarin or Cantonese) is a plus.

Responsibilities

• Prepares SBA application documents and submission to SBA for approval (GP and PLP submission).
• Collects and reviews documents required for closing.
• Prepares SBA packaging documents.
• Prepares and maintains loan files through to loan closing.
• Maintain GFD account and make payment for the SBA Guaranty Fee and SBA Participation Fee.
• Upload all necessary documents to nCino for Loan Doc Preparation and funding.
• Works closely with escrow, title, marketing and loan administration personnel to ensure timely and efficient loan closing.
• Prepares various monthly reports.
• Assists in payment of referral fees and associated vendor fees such as appraisal, environmental, title fee, etc.
• Collect daily incoming mail for distribution.
• Orders and maintains office supplies.
• Interact with clients to assist in collecting necessary information for loan closing.
• Assists in operational duties of the division, including secondary market sales.
• Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
• Perform duties specific to the position and other functions as assigned.

Benefits

• Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level